fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
Recent Examples on the Web
What: Facilities referendum How much: $89.1 million Tax impact: An additional 24 cents per $1,000 of fair market value.
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Alec Johnson, Journal Sentinel, 15 Oct. 2024
Not uncommon for projects in the south suburbs, the Class 8 designation would reduce the property tax assessment level for the property to 10% of fair market value, or the same assessment level for residential properties.
—Mike Nolan, Chicago Tribune, 10 Oct. 2024
This review process will involve assessment of fair market value, a controversial metric given that FMV is often difficult to assess.
—Michael McCann, Sportico.com, 26 July 2024
Generally, worldwide assets are deemed sold at fair market value on the day before the expatriation.
—Virginia La Torre Jeker, J.d., Forbes, 16 Oct. 2024
See all Example Sentences for fair market value 
Alec Johnson, Journal Sentinel, 15 Oct. 2024
Not uncommon for projects in the south suburbs, the Class 8 designation would reduce the property tax assessment level for the property to 10% of fair market value, or the same assessment level for residential properties.
—Mike Nolan, Chicago Tribune, 10 Oct. 2024
This review process will involve assessment of fair market value, a controversial metric given that FMV is often difficult to assess.
—Michael McCann, Sportico.com, 26 July 2024
Generally, worldwide assets are deemed sold at fair market value on the day before the expatriation.
—Virginia La Torre Jeker, J.d., Forbes, 16 Oct. 2024
See all Example Sentences for fair market value
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fair market value.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 4 Nov. 2024.
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